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February 23, 2019
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NORTHERN CALIFORNIA NEWS
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Boston Properties, TMG Partners and Valley Oak Partners to Develop 1.1 msf Office Project in downtown San Jose

2/01/19

Boston Properties, TMG Partners and Valley Oak Partners have teamed up to acquire and develop Platform 16, an urban campus near Diridon Station in downtown San Jose. Platform 16 is a 1.1 msf Class A office development located on a 5.4-acre site that is adjacent to Google’s planned 8 msf transit village and Diridon Station, the largest multi-modal transportation hub in the Bay Area consisting of Caltrain, VTA light-rail, the ACE train, and the planned BART and high-speed rail lines.

The planned three-building campus, designed by world-renowned architect Kohn Pedersen Fox Associates, will feature large floorplates ranging from 25k sf to 90k sf, 15-foot floor-to-floor heights, 16 large outdoor terraces and multiple indoor and outdoor workspaces as well as on-site amenities including a large fitness and wellness facility and conference center. The project will have immediate access to the adjacent Guadalupe River Park and various retail and restaurant amenities.

The area near Diridon Station has become one of the region’s most prominent locations, home to more than 120 technology firms as well as consulting and financial organizations.

According to San Jose Mayor Sam Liccardo, the planned development will help bring thousands of jobs into the city center, with easy access to public transit, and include a number of public space improvements that will help connect the Guadalupe River Park to Platform 16 and the rest of the Diridon Station area.

Demolition and site improvements are expected to start in the spring of 2019 allowing for a groundbreaking in mid-summer. The project could be completed as early as 2021.

“TMG and Boston Properties share the vision of a modern office campus that addresses the top priorities of today’s growing companies: a location uniquely transit-accessible, access to affordable housing with San Jose the number one housing-to-jobs ratio in the Bay Area, and a facility that promotes collaboration and efficiency through large floorplates and multiple outdoor spaces,” said Matt Field, CIO of TMG. “The building’s location will also allow employees to enjoy an exciting urban environment with the adjacent SAP Center, San Pedro Market, and the wide variety of cultural, culinary, and entertainment experiences in downtown San Jose.”

Boston Properties has decades of experience developing innovative office space for the Bay Area’s top technology companies. Last year, the company opened San Francisco’s new icon, Salesforce Tower, the tallest office building west of Chicago which is 100% leased. TMG Partners is one of the Bay Area’s leading developers with over 30 msf of office, residential, retail, and mixed-use projects since 1984. Boston Properties and TMG Partners previously collaborated on the 680 Folsom Street project in San Francisco. The project was recognized for its elegant and functional design and is home to the headquarters of Macy’s.com, Riverbed, and Anaplan.




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